![]() Financial titans like Prudential and Hancock have divisions specifically for investors looking to make money on farmland portfolios. That could spell an opportunity for young farmers hoping to get their start, but for savvy investors scrambling for more places to put their money, it also represents an opportunity. ![]() Department of Agriculture, meaning more farmland is expected to come on the market soon. About 40 percent of farmland is owned by seniors 65 or older, according to 2014 estimates by the U.S. Though the Gateses are major owners of American farmland, the couple’s holdings only represent a fraction of the 283 million acres of farmland that is owned and rented out by nonfarmers. “My investment group chose to do this,” Bill Gates said on Reddit in March when asked about his farmland purchases while promoting his latest book, “How to Avoid A Climate Disaster.” “It is not connected to climate.” He did acknowledge that more productive farming techniques can help reduce deforestation in other parts of the world. Google Mapsīut Gates, known for his philanthropic work solving some of the world’s most pressing public health and climate problems, has suggested that he does not treat his American farmland investments as part of his broader plans to save the planet. The 100 Circles Farm is in Washington state, just north of the Columbia River. These land holdings are separate from their previous investments in companies that support large-scale farming like Monsanto and the tractor manufacturer John Deere. And in Florida, farmers grow carrots on their property. In Washington, the Gateses own more than 14,000 acres of farmland that includes potato fields so massive that they are visible from space and some of which are processed into french fries for McDonald’s. They bought and later sold an additional 6,000 acres in Georgia, NBC News found. Data gathered by The Land Report and NBC News show that their land holdings range from 70,000 acres in north Louisiana, where their farmland grows soybeans, corn, cotton and rice, to 20,000 acres in Nebraska, where farmers grow soybeans.
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